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Guidance history, every release

Clean Harbors (CLH) · 8 releases, Oct 30, 2024 to Jul 29, 2026 · rows are metrics, columns are releases

Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing

Metric	Oct 30, 2024 FY24 Q3	Feb 19, 2025 FY24 Q4	Apr 30, 2025 FY25 Q1	Jul 30, 2025 FY25 Q2	Oct 29, 2025 FY25 Q3	Feb 18, 2026 FY25 Q4	May 6, 2026 FY26 Q1	Jul 29, 2026 FY26 Q2
For FY2028
Commercial launch of SDA facility	—	—	—	—	New“2028”	—	—	—
For FY2026
Adjusted EBITDA	—	—	—	—	—	New“$1.20 billion to $1.26 billion”	Raised“$1.24 billion to $1.30 billion”	Raised“$1.35 billion to $1.41 billion”
Adjusted EBITDA growth (consolidated)	—	—	—	—	—	New“up 1% to 3%”	—	—
Adjusted EBITDA growth (ES segment)	—	—	—	—	—	New“4% to 7% year over year”	—	—
Adjusted EBITDA growth (year over year)	—	—	—	—	—	—	—	New“24% to 28%”
Adjusted EBITDA growth, year over year	—	—	—	—	—	—	New“grow 5% to 9%”	—
Adjusted EBITDA midpoint	—	—	—	—	—	—	New“$1.27 billion”	Raised“$1.38 billion”
Anticipated GAAP net income	—	—	—	—	—	—	—	New“$481 million to $531 million”
GAAP net income (basis for Adjusted EBITDA)	—	—	—	—	—	New“$410 million to $461 million”	Raised“in the range of $421 million to $472 million”	Raised“$481 million to $531 million”
Projected Adjusted EBITDA	—	—	—	—	—	New“$1,200 to $1,260”	Raised“$1,240 to $1,300”	Raised“$1,350 to $1,410”
Projected GAAP net income	—	—	—	—	—	New“$410 to $461”	Raised“$421 to $472”	—
Accretion of environmental liabilities	—	—	—	—	—	New“16 to 15”	—	Reiterated“16 to 15”
Additions to property, plant and equipment	—	—	—	—	—	New“(465) to (525)”	—	Lowered“(505) to (565)”
Adjusted free cash flow midpoint	—	—	—	—	—	—	New“$520 million”	Raised“$550 million”
Anticipated net cash from operating activities	—	—	—	—	—	—	—	New“$890 million to $1,010 million”
Cash investments in strategic growth projects	—	—	—	—	—	New“110 to 110”	—	Raised“120 to 120”
DCI acquisition purchase price	—	—	—	—	—	New“approximately $130 million”	—	—
Depreciation and amortization	—	—	—	—	—	New“450 to 440”	—	Raised“485 to 475”
Interest expense, net	—	—	—	—	—	New“144 to 139”	—	Raised“151 to 146”
Net cash from operating activities (basis for adjusted free cash flow)	—	—	—	—	—	New“$820 million to $940 million”	Raised“in the range of $840 million to $960 million”	Raised“$890 million to $1,010 million”
Proceeds from sale and disposal of fixed assets	—	—	—	—	—	New“15 to 15”	—	Reiterated“15 to 15”
Projected adjusted free cash flow	—	—	—	—	—	New“$480 to $540”	Raised“$490 to $550”	Raised“$520 to $580”
Projected net cash from operating activities	—	—	—	—	—	New“$820 to $940”	Raised“$840 to $960”	—
Provision for income taxes	—	—	—	—	—	New“145 to 167”	—	Raised“169 to 192”
Stock-based compensation	—	—	—	—	—	New“35 to 38”	—	Raised“48 to 51”
For FY2025
DCI acquired businesses expected revenue	—	—	—	—	—	New“approximately $40 million”	—	—
Expected annual revenue from DCI acquisition	—	—	—	—	—	New“approximately $40 million”	—	—
Adjusted EBITDA	—	New“$1.15 billion to $1.21 billion”	Reiterated“$1.15 billion to $1.21 billion”	Narrowed“$1.16 billion to $1.20 billion”	Lowered“$1.155 billion to $1.175 billion”	—	—	—
Adjusted EBITDA growth	—	—	—	—	New“six to eight percent range compared with a year ago”	—	—	—
Adjusted EBITDA growth	—	—	—	New“9-12%”	—	—	—	—
Adjusted EBITDA growth (consolidated)	—	—	New“1-3%”	—	—	—	—	—
Adjusted EBITDA growth (ES segment)	—	—	New“3-5%”	—	—	—	—	—
Adjusted EBITDA growth (ES segment)	—	New“4%-6% year-over-year”	—	—	—	—	—	—
Adjusted EBITDA growth year over year	—	—	New“6%”	Reiterated“6%”	—	—	—	—
Adjusted EBITDA margin	—	New“continued Adjusted EBITDA margin improvement based on our pricing, cost reduction and productivity initiatives”	—	—	—	—	—	—
Adjusted EBITDA midpoint	—	—	New“$1.18 billion”	Reiterated“$1.18 billion”	—	—	—	—
Annual EBITDA from SDA facility	—	—	—	—	New“$30 million to $40 million”	—	—	—
DCI acquired businesses expected Adjusted EBITDA	—	—	—	—	—	New“$11 million”	—	—
Expected annual Adjusted EBITDA from DCI acquisition	—	—	—	—	—	New“$11 million”	—	—
GAAP net income (basis for Adjusted EBITDA)	—	New“in the range of $376 million to $427 million”	Raised“$377 million to $428 million”	—	Narrowed“in the range of $379 million to $400 million”	—	—	—
Projected Adjusted EBITDA	—	New“$1,150 to $1,210”	Reiterated“$1,150 to $1,210”	Narrowed“$1,160 to $1,200”	Lowered“$1,155 to $1,175”	—	—	—
Projected GAAP net income	—	New“$376 to $427”	Raised“$377 to $428”	Narrowed“$383 to $419”	Lowered“$379 to $400”	—	—	—
Accretion of environmental liabilities	—	New“15 to 14”	Reiterated“15 to 14”	Reiterated“15 to 14”	Reiterated“15 to 14”	—	—	—
Additions to property, plant and equipment	—	New“(370) to (400)”	Reiterated“(370) to (400)”	Reiterated“(370) to (400)”	Lowered“(400) to (430)”	—	—	—
Adjusted free cash flow increase from prior year	—	—	New“nearly 30% increase”	Reiterated“nearly 30%”	—	—	—	—
Adjusted free cash flow midpoint	—	—	New“$460 million”	Reiterated“$460 million”	—	—	—	—
Cash investment in Phoenix Hub	—	New“15 to 15”	Reiterated“15 to 15”	Reiterated“15 to 15”	Reiterated“15 to 15”	—	—	—
Cash investment in Solvent De-Asphalting Unit	—	—	—	—	New“30 to 30”	—	—	—
Depreciation and amortization	—	New“450 to 440”	Reiterated“450 to 440”	Reiterated“450 to 440”	Raised“455 to 445”	—	—	—
Industrial Services business	New“look to return that business to revenue growth”	—	—	—	—	—	—	—
Interest expense, net	—	New“146 to 141”	Reiterated“146 to 141”	Raised“147 to 142”	Reiterated“147 to 142”	—	—	—
Net cash from operating activities (basis for Adjusted FCF)	—	—	New“$775 million to $865 million”	—	—	—	—	—
Net cash from operating activities (basis for Adjusted free cash flow)	—	New“in the range of $775 million to $865 million”	—	—	Narrowed“in the range of $795 million to $865 million”	—	—	—
Proceeds from sale and disposal of fixed assets	—	New“10 to 10”	Reiterated“10 to 10”	Reiterated“10 to 10”	Raised“15 to 15”	—	—	—
Projected adjusted free cash flow	—	New“$430 to $490”	Reiterated“$430 to $490”	Reiterated“$430 to $490”	Raised“$455 to $495”	—	—	—
Projected net cash from operating activities	—	New“$775 to $865”	—	Reiterated“$775 to $865”	Narrowed“$795 to $865”	—	—	—
Provision for income taxes	—	New“135 to 157”	Lowered“134 to 156”	Narrowed“137 to 154”	Lowered“131 to 143”	—	—	—
Stock-based compensation	—	New“28 to 31”	Reiterated“28 to 31”	Reiterated“28 to 31”	Reiterated“28 to 31”	—	—	—
For FY2024
Adjusted EBITDA	New“$1.10 billion to $1.12 billion”	—	—	—	—	—	—	—
GAAP net income (basis for Adjusted EBITDA)	New“$375 million to $395 million”	—	—	—	—	—	—	—
Projected Adjusted EBITDA	New“$1,100 to $1,120”	—	—	—	—	—	—	—
Projected net income	New“$375 to $395”	—	—	—	—	—	—	—
Accretion of environmental liabilities	New“15 to 14”	—	—	—	—	—	—	—
Additions to property, plant and equipment	New“(410) to (440)”	—	—	—	—	—	—	—
Depreciation and amortization	New“405 to 395”	—	—	—	—	—	—	—
Interest expense, net	New“145 to 140”	—	—	—	—	—	—	—
Net cash from operating activities (basis for Adjusted free cash flow)	New“$680 million to $750 million”	—	—	—	—	—	—	—
Proceeds from sale and disposal of fixed assets	New“10 to 10”	—	—	—	—	—	—	—
Projected adjusted free cash flow	New“$280 to $320”	—	—	—	—	—	—	—
Projected net cash from operating activities	New“$680 to $750”	—	—	—	—	—	—	—
Provision for income taxes	New“133 to 146”	—	—	—	—	—	—	—
Stock-based compensation	New“27 to 30”	—	—	—	—	—	—	—
No period stated
Annual EBITDA generated by SDA facility	—	—	—	—	New“$30 million to $40 million”	—	—	—
Cost synergies	—	—	—	—	—	—	—	New“approximately $5 million”
DCI acquisition close	—	—	—	—	—	New“first half of 2026”	—	—
Expansion of share repurchase program	—	—	—	—	—	New“$350 million”	—	—
Payback on SDA facility investment	—	—	—	—	New“six- to seven-year”	—	—	—
Payback on SDA facility investment	—	—	—	—	New“six- to seven-year”	—	—	—
Payback on vacuum truck fleet investment	—	—	—	—	—	New“five-year”	—	—
Payback period on fleet expansion investment	—	—	—	—	—	New“five-year”	—	—
Strategic investment in fleet expansion (vacuum truck fleet)	—	—	—	—	—	New“$50 million”	—	—
Strategic investment in vacuum truck fleet	—	—	—	—	—	New“$50 million”	—	—
Total investment in SDA facility	—	—	—	—	New“$210 million to $220 million”	—	—	—

Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.